Economy

Impact of the Ukraine-Russia War on Georgia - GALT & TAGGART Names Two Scenarios

Galt & Taggart published a report on the impact of the Russia-Ukraine war on the Georgian economy and named the expected scenarios.

Payments with Russian VISA and Mastercard Credit cards Suspend in Georgia - Georgia Bankers Association

Georgia Bankers Association declares that amid international sanctions imposted by the Western nations, service of VISA and Mastercard credit cards of Russian banks in Georgia has been suspended.

Ukraine-Russia War and Two Scenarios of TBC Capital - Timely or Delayed Solution

TBC Capital has published a report by the chief economist on two scenarios of the Ukraine-Russia war, expected actions, and international assumptions.

Georgia Ministry of Health is Ready to Send Blood and Medical Staff to Ukraine if Necessary

Georgia will supply blood to Ukraine if necessary, according to Minister of Health Zurab Azarashvili. Furthermore, the Minister claims that if Ukraine requests it, Georgia will deploy medical staff.

Georgian Modernized Railway Start Operating in 2023

All construction works within the framework of the modernization of the Georgian Railway will be completed in 2022.

PSP Allocates Medicine and First Aid Kits for Ukrainian People

Pharmaceutical network PSP allocated medicine worth of GEL 200,000 and first aid kits to support the Ukraine amid Russia's invasion. 

Rouble Plunges 30% Versus US Dollar

Russian Rouble slumped by 30% against US dollar amid the sanctions imposed by Western nation for Russia's invasion in Ukraine. 

Georgia Sends One Million GEL’s Worth of Humanitarian Cargo to Ukraine

On Georgian Prime Minister Irakli Garibashvili's decision, one million GEL's worth of humanitarian goods will be sent to Ukraine.

Carl Hartzell: No One Understands Situation in Ukraine Better than Georgians

The European Union condemns Russia's military aggression in Ukraine, EU Ambassador to Georgia Carl Hartzell told the media.